Erste Group provides €85.5 million refinancing for mall in Romania

Business Forum

19 August, 2025 at 8:30 AM

Erste Group Bank AG has provided a €85.5 million refinancing facility for Argeş Mall in Piteşti, developed by Prime Kapital.

Developed by Prime Kapital and inaugurated in April 2024, Argeş Mall is now the largest shopping centre in Argeş County. The scheme includes over 150 stores, a 3,500 sqm food court and a panoramic terrace overlooking Lake Prundu, positioning it as both a retail and lifestyle destination.

Roman Kubanyi, Industry Lead – International Commercial Real Estate Finance at Erste Group. underlined in a LinkedIn post that the project reflects wider trends in the Romanian retail real estate market, where regional hubs are becoming increasingly important.

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